Since MLR 2017 came into force in June 2017, regulatory compliance has become more challenging because of new requirements and changes to existing obligations. We provide compliance support to a range of firms, with a special emphasis on those organisations for whom financial crime is especially complex and demanding.
These include foreign-owned, mid-sized and challenger Banks, Payment Services firms and anyone working with e-Money. We are also experts in the Cryptocurrency sector, which will fall under the new regulations in the UK when MLD5 is introduced, most likely, in 2019.
Our independent financial crime audit can act as independent verification of your compliance management
We consult on the development of policies and procedures, offering guidance on how to set up and document transaction monitoring systems
Our consultants also advise on politically exposed person (PEP) and sanctions compliance
We offer the independent annual Financial Crime Risk Framework assessments required under MLR 2017
E-learning and classroom training are also available
Our Financial Crime guides for Banks, e-Money firms, Payment Services and Financial Services firms provide a three step process to help you wade through the red tape
Our consultants have experience of working in banks and payment services so they know what you’re going through.
Third Party AML Due Diligence
It is becoming increasingly necessary for financial services firms to monitor the compliance of third parties, for example banks and money service businesses and payment services firms and their agents. We offer a third party due diligence service that is powered by our specialist RegTech platform Compliancy.CAM.
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We can help UK and EEA firms consider their Brexit strategy and offer award winning FCA authorisation services should EEA firms have to be directly authorised
Fifth Money Laundering Directive
5MLD introduces a number of enhancements which strengthen financial crime regulation and for the first time brings cryptocurrency firms into scope
PSD2 has significant reporting and notification requirements, strict ongoing regulatory obligations and mandatory annual audits, some of which require independent verification.
Includes ex-regulators, industry practitioners and subject matter experts
Through the breadth and depth of their collective expertise and experience, we offer an outstanding service. Reducing the regulatory burden, minimising your time and resources, and ensuring that compliance makes a positive contribution to your business.